Page 2 - Adani Port And Sez

Adani Ports and SEZ incorporates wholly-owned aircraft leasing unit

Adani Ports and Special Economic Zone Ltd (APSEZL) on Monday said it has incorporated a wholly-owned aircraft leasing unit, Udanvat Leasing IFSC Ltd. The entity will have an authorised and paid-up share capital of Rs 2.5 crore. Udanvat has been incorporated with the objective to carry out business activity of owning and leasing of aircraft, the compay said in a regulatory filing. APSEZL has incorporated a wholly-owned subsidiary company "Udanvat Leasing IFSC Ltd" on October 23, 2023, the company said in the filing. It also said Udanvat Leasing IFSC Ltd has been incorporated with an authorised and paid-up share capital of Rs 2,50,00,000 divided into 25,00,000 equity shares of Rs 10 each. Last month, Tata Group-owned Air India had also announced setting up an aircraft leasing unit at IFSC (International Financial Services Centre) Gift City while budget carrier IndiGo also plans to establish a shop at IFSC Gift City. Aircraft leasing firms that commence operations from the IFSC in .

Adani to pump in Rs 20,000 cr for 4x boost in ports capacity by 2030

Adani said the fight between Israel and Hamas had had no impact on operations at Haifa Port so far

Top headlines: Adani probe ends, chana prices rise ahead of festival season

Business Standard brings you the top headlines at this hour

Adani Ports to pay $130 mn of debt early, $413 mn debt tendered for payment

Adani Ports had floated a tender of up to $130 million of 3.375% 2024 maturity dollar-denominated bonds late last month

Adani Ports & SEZ starts first bond buyback after Hindenburg report

The company also said it plans to buy back $130 million of the 3.375% senior notes in each of the next four quarters

Fitch Ratings affirms 'BBB-' rating on Adani Ports with stable outlook

Fitch Ratings on Thursday affirmed its 'BBB-' rating on Adani Ports and Special Economic Zone Limited with a stable outlook, saying the Hindenburg report has a limited near-term impact on APSEZ's cost of funding. Hindenburg Research in a January 24 report accused Adani group of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices. The group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. "Fitch Ratings has affirmed India-based port operator Adani Ports and Special Economic Zone Limited's (APSEZ) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable," it said. The Hindenburg report alleging significant governance issues for the Adani Group has triggered a sharp fall in Adani Group entities' equity and bond prices. "The affirmation reflects its view that the Hindenburg report alleging governance issues at the Adani group has a limited

Vinod Adani part of promoter group of various listed firms: Adani Group

This comes after questions were raised about his status following short-seller Hindenburg Research naming him prominently in its January report

Four Adani Group stocks hit upper circuit today: All you need to know

Adani Group stocks: Last night, it was reported that Gautam Adani and his family had prepaid all loans backed by the company shares

Adani Group loan repayment: How do promoters raise money through pledging?

Adani Group: The repayment of the loan will release the pledge on shares of promoters in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission

Stocks to watch: SpiceJet, IOC, Granules India, Phoenix Mills, ABB India

Stocks to watch: From SpiceJet to Indian Oil Corporation, here are top stocks likely to be in action in Monday's trading session

Singapore's Temasek remains invested in Adani Ports: Media report

Singapore investor, Temasek Holdings (Private) Limited, remains invested in Adani Ports and Special Economic Zone even though the Indian conglomerate is facing criticism from a US-based forensics research institution, according to a media report. Temasek remains invested in Adani Ports, as per their latest public shareholding disclosures, The Straits Times reported on Monday, citing a spokesman for the 49-year-old state-owned investor which has USD 496.59 billion in assets under management as of December 2022. Temasek, through its subsidiary Camas Investments, owns just over 1.2 per cent in Adani Port, the Singapore broadsheet reported, citing the company's shareholder information. The stake was acquired in 2018 for around SGD 147 million. The Temasek spokesman also said the group does not comment on market speculation. The Adani Group also runs an edible oil and food business in India called Adani Wilmar via a joint venture with Singapore-listed Wilmar International. The Group h

Shipping Ministry seeks advice on letting APSEZ bid for govt tenders again

Ministry is concerned about wider repercussions of Supreme Court decision to revoke the firm's disqualification

Vizhinjam protest against Adani port called off after 138 days

Govt has already told agitators that construction work won't be stopped, but is said to have accepted all their demands

RIL, Tata firms top LIC's equity portfolio as insurer's valuation rises

The value of investments in Adani firms more than double in the past year

Adani Ports receives NCLT approval to acquire 58.1% in Gangavaram Port

Deal to be a share swap, with issuance of 47.7 million APSEZ shares to the erstwhile GPL promoters; post-transaction, GPL will become a fully-owned subsidiary of APSEZ

Stocks to watch: Reliance, Tata Motors, Biocon, Tata Steel, J&K Bank, BoB

Stocks to watch today: Akash M Ambani will take over as non-executive director and chairman of the board of directors of Reliance Jio; Tata Motors will hike prices of CVs by 1.5 to 2.5 per cent.

Shipping Ministry looks to make govt ports competitive against pvt peers

Minister asks for plan to build mega ports by 2047, develop new technologies

Adani Ports moves SC as HC rejects plea against JNPA for disqualifying bid

The contract was for upgrading a container terminal in Navi Mumbai; Adani counsel urges top court to restrain JNPA from proceeding with other bids

NTPC, M&M, BPCL: 5 Nifty50 stocks that can rally up to 30% in coming days

NTPC, Adani Ports, Coal India, M&M and BPCL can rise higher, indicates technical charts

Four funds invested in Adani firms have history of bets gone wrong: Report

The Mauritius-based funds invested in firms that ended up defaulting or were investigated for wrongdoing.